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Category: Foreign Policy

Missionaries of Humanity: Popular Confucianism in China

In a state where one may not criticize the regime, one learns the art of the unsaid. In China, as in the premodern West, a citizen can complain freely about bad roads or corrupt officials, but it is considered seditious to criticize the form of government. If a citizen does criticize…

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The Socialist Revival

As the Berlin Wall crumbled in 1989, so too, it seemed, did the dream of socialism. The German sociologist Rolf Dahrendorf declared, “The point has to be made unequivocally that socialism is dead and that none of its variants can be revived for a world awakening from the double nightmare…

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Commodity Financialization (and Why It Matters)

In December 2018, a leading European bank sent its customers investing tips for the next year. To navigate “an increasingly challenging investment environment,” the bank advised, “The latter stages of the economic cycle have historically been one of the better times to invest in commodities. Overall demand tends to stay high while inventories run low.” Until recently, commodities interested mostly those who produced, traded, or consumed them…

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Tax Sovereignty in the Age of Global Capital

In January 2019, Representative Alexandria Ocasio-Cortez found a perhaps unexpected vein of popular support when she proposed raising the top marginal tax rate from 37 percent to 70 percent for those with annual incomes of over $10 million.1 Polling conducted by the Hill and HarrisX soon revealed that 59 percent of Americans supported this idea:…

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Rebuilding British Industry: A Plan for the Post-Brexit Economy

Today Britain finds itself in an odd position. In the wake of the vote to leave the European Union and its aftermath, the Conservative Party has been given a new mandate. A substantial portion of the voting public wants a more independent Britain to pursue national restoration and regeneration. On an emotional level, most of…

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Disruptive Innovation in America and China

The concept of disruptive innovation arose from the study of innovation in companies, but it can also be applied to nations. In this essay I will use some of the concepts of disruptive innovation to analyze the dynamics of national innovation and growth in America and China.1 The United States is supposed to be the…

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America Needs an Industrial Policy

The phrase “industrial policy” conjures up images of Europe’s dirigiste failures, corruption in African and Latin American econ­omies, and the disastrous 1984 presidential campaign of Walter Mon­dale. In board rooms and think tanks and even university class rooms across the country, the term generates an instinctive revulsion hard­wired by decades of listening to laissez-faire and…

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New China and the End of American “International Law”

The question plaguing contemporary analysis of China is what its emergence, or reemergence, as a great power means. To answer this question, we must confront the fact that we have turned, even in China, away from the concept of “great powers”—or even states—in writing the history of modern politics and international relations. Over the past…

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China and the Rule of Law

If any political concept could be said to have universal appeal, it would have to be the rule of law. Virtually no government rejects the idea of the rule of law. On the contrary, most, if not all, governments claim to seek its realization. In 1992, the World Bank official­ly deemed the rule of law…

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Indispensable Nation Nostalgia

What might be called “Indispensable Nation Nostalgia” represents a misty remembrance of things past by a certain stratum of elite Americans. These pangs tend to afflict a fairly narrow group of people who run, or used to run, foreign pol­icy, along with the coterie of folks that think and write about foreign policy at think tanks and ideas-oriented publications…

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